Kulicke and Soffa Industries (KLIC) 8-K Kulicke & Soffa Reports Results for its Second Quarter 2008

Exhibit 99.1

Kulicke & Soffa Reports Results for its Second Quarter 2008

— Next-generation Power Series wire bonders receive enthusiastic response at China show

— New Power Series product line extends market leadership

Fort Washington, PA – April 24, 2008 - Kulicke & Soffa Industries, Inc. (NASDAQ:KLIC) (“K&S”) today reports results for its quarter ended March 29, 2008. K&S announced quarterly net revenue of $176.3 million and a net loss of $6.1 million or $0.11 per share. The net loss includes a $9.2 million pre-tax, non-cash charge related to the termination of the Company’s U.S. pension plan. This press release contains both GAAP and non-GAAP financial information.

On a non-GAAP basis (excluding gold metal cost from both revenue and cost of sales, equity-based compensation, amortization of intangibles, and U.S. pension plan termination charge) the Company reported second quarter net revenue of $81.1 million and break-even results. Non-GAAP gross margin was 43.8%, which is up 25 basis points from the prior quarter.

GAAP Results:

	Q2 2008	vs. Q2 2007	vs. Q1 2008
Net Revenue	$176.3 million	+ 24%	- 22%
Gross Profit Gross Margin	$35.5 million 20.1%	- 200 basis points	- 580 basis points
Net Income (loss) Net Margin	($6.1) million -3.5%	- 190 basis points	- 1,070 basis points
EPS- Diluted	($0.11)	- 175%	- 140%

Non-GAAP Measures:

	Q2 2008	vs. Q2 2007	vs. Q1 2008
Net Revenue	$81.1 million	+ 14%	- 40%
Gross Profit Gross Margin	$35.6 million 43.8%	- 80 basis points	+ 25 basis points
Net Income (loss) Net Margin	$58 thousand 0.1%	+ 220 basis points	- 1,350 basis points
EPS- Diluted	$0.00	—	—

Non-GAAP measures exclude: gold metal cost from both net revenue and cost of sales; equity-based compensation from expenses; amortization of intangibles; and U.S. pension plan termination charge (see reconciliations of GAAP results to Non-GAAP measures in the following financial schedules).

Scott Kulicke, chairman and chief executive officer, commented, “While some of our customer dialog indicates we are at, or at least near, the bottom of this cycle, no consensus has emerged about the timing of the next upturn. Whether the upturn comes later this year or in 2009, we think the launch of our new Power Series next-generation wire bonders puts us in a strong position to continue to gain market share.”

Second Quarter Financial Highlights

• K&S total cash and investments increased $32 million from last quarter, to $171 million, driven by improved working capital.

• K&S amended its bank credit facility used to support gold purchases, resulting in $6 million of cash flow.

• K&S non-GAAP consolidated gross profit margin improved 25 basis points to 43.8% from 43.6% in the prior quarter.

Key Product Trends

• Over 500 people waited in line at SEMICON China to get their first look at the new IConn^PSand the ConnX^PS ball bonders. These advanced-technology machines are now the cornerstones of the Company’s new Power Series product line.

The new IConn^PSball bonder replaces the market-leading Maxum Ultra with higher throughput and enhanced technology for advanced packaging requirements, ultra fine pitch, and copper wire packages.

The new ConnX^PS ball bonder replaces the Maxum Elite, which is designed for lower pin count IC devices and the rapidly growing LED market.

• K&S Formax gold wire achieved its final product introduction milestone: first volume shipments. After a rigorous qualification process, a leading flash-memory manufacturer began producing packages with the K&S Formax wire. The new wire is specifically formulated for stacked die packages like flash-memory and system-in-package devices.

• K&S copper wire volume increased in the second quarter, growing 10% compared to the prior quarter and 80% compared to the year-ago quarter. Copper wire was 7% of the total wire volume during the quarter. CupraPlus copper capillary volumes also increased significantly.

Outlook for Third Fiscal Quarter

• Net revenue is expected to be about $183 million on a GAAP basis, assuming current gold prices.

• Net revenue is expected to be about $82 million on a non-GAAP basis, which excludes gold metal cost.

Earnings Conference Call Details

A conference call to discuss these results will be held today, April 24, 2008 beginning at 9:00 AM EDT. Interested participants may call 877-407-8037 for the teleconference or log on tohttp://www.kns.com/investors/events for listen-only mode. A replay will be available approximately one hour after the completion of the call by calling toll free 877-660-6853 or internationally 201-612-7415 and using the following replay access codes 5521 (account number) and 281258 (replay ID number). A replay will also be available on the K&S web site athttp://www.kns.com/investors/events. The replay will be available via phone and web site through June 30, 2008.

Discussion of Non-GAAP financials

This press release contains non-GAAP financial measures as a supplement to the consolidated financial results presented in accordance with GAAP. The Company believes certain non-GAAP measures provide investors with an additional, useful perspective on the Company’s performance as seen through the eyes of management. Management uses non-GAAP financial measures along with GAAP financial results for: analyzing the

performance of the Company’s businesses; strategic and tactical decision making; and determining compensation. The Company does not consider non-GAAP financial measures to be a substitute for, or superior to, financial results presented in accordance with GAAP. All of the non-GAAP financial measures included herein are reconciled to the most directly comparable GAAP results in the following financial statements. These non-GAAP measures may be calculated differently from non-GAAP measures used by other companies. In addition, these non-GAAP financial measures are not based on a comprehensive set of accounting rules or principles and some of the adjustments reflect the exclusion of items that are recurring and will be reflected in the Company’s GAAP financial results for the foreseeable future.

Exclusions from GAAP Results

The Company excludes the following from its GAAP results in presenting non-GAAP financial measures:

— Gold metal cost.The Company’s GAAP net revenue and cost of sales include the value of the gold metal content of wire. The cost of gold metal that is passed-through to customers is excluded from non-GAAP net revenue and cost of sales. Fabrication charges and profit on gold metal are not excluded. The Company believes that excluding the large impact of passed-through gold cost can provide investors with greater visibility into the Company’s profit margin percentages.

— Equity-based compensation expenses. In accordance with Statement of Financial Accounting Standards (“SFAS”) No. 123R, Share Based Payments, the Company recognizes the fair value of its equity-based compensation in expenses. Equity-based compensation consists of stock options and performance-based restricted stock granted under the Company’s equity compensation plans. Equity-based compensation is a non-cash expense that can vary significantly in amount from period to period.

- Other. The exclusion of certain other non-GAAP amounts allows for improved comparisons of the Company’s results to both prior periods and other companies. The Company excludes the following other items from non-GAAP measures as these items are not reflective of the performance of the Company’s ongoing businesses:

• U.S. pension plan termination, and;

• Amortization of intangibles.

-Tax Adjustment.Non-GAAP measures are tax adjusted using the GAAP tax rate associated with each quarterly period. The tax rate is calculated by dividing each quarter’s GAAP tax expense by the GAAP net income for that quarter. Non-GAAP year-to-date measures are calculated by summing the associated quarterly non-GAAP measures, without further tax adjustments.

Non-GAAP Measures

The specific non-GAAP measures included herein are net revenue, gross profit, gross margin, net income, net margin, and EPS. The Company calculates these measures as follows:

— Net Revenue. K&S non-GAAP net revenue excludes gold metal cost that is passed-through to customers.

— Gross Profit. K&S non-GAAP gross profit excludes the effects of equity-based compensation expense recorded within cost of sales. K&S non-GAAP gross profit is not affected by the exclusion of its gold metal cost from its net revenue since the same gold metal cost is also excluded from cost of sales.

— Gross Margin. K&S non-GAAP gross margin excludes the impact of gold metal cost and equity-based compensation expenses recorded within cost of sales.

— Net Income and Earnings per Share. K&S non-GAAP net income and EPS exclude equity-based compensation expenses, amortization of intangibles, U.S pension plan termination charge, gains on debt extinguishment, and related tax effects.

— Net Margin. Non-GAAP net margin reflects the Company’s net margin excluding gold metal cost, equity-based compensation, amortization of intangibles, U.S pension plan termination charge, gains on debt extinguishment, and related tax effects.

About Kulicke & Soffa

Kulicke & Soffa (NASDAQ: KLIC) is the world’s leading supplier of semiconductor assembly equipment, materials, and technology. K&S provides wire bonders, capillaries, wire, die bonders, and die collets for all types of semiconductor packages using wire as the internal electrical interconnections. K&S is the only major supplier to the semiconductor assembly industry that provides customers with semiconductor assembly equipment along with the complementing packaging materials and process technology that enable our customers to achieve the highest possible yields and throughput. The ability to provide these assembly related products is unique to Kulicke & Soffa, and allows us to develop system solutions to the new technology challenges inherent in assembling and packaging next-generation semiconductor devices. Kulicke & Soffa’s web site address ishttp://www.kns.com.

Caution Concerning Forward Looking Statements

In addition to historical statements, this press release contains statements relating to future events and our future results. These statements are “forward-looking” statements within the meaning of the Private Securities Litigation Reform Act of 1995, and include, but are not limited to, statements that relate to our future revenue, revenue growth, sales, profitability, financial results, unit volumes, product development, release of products, industry forecasts, market share, the bottom of the semiconductor business cycle, upturns in the semiconductor business cycle, and projected demand for our products. While these forward-looking statements represent our judgments and future expectations concerning our business, a number of risks, uncertainties and other important factors could cause actual developments and results to differ materially from our expectations. These factors include, but are not limited to: the risk of failure to successfully manage our operations; the risk that anticipated orders may not materialize or that orders received may be postponed or canceled, generally without charges; the volatility in the demand for semiconductors and our products and services; the risk that we may not be able to develop and manufacture new products and product enhancements on a timely and cost effective basis; acts of terrorism and violence; overall global economic conditions; risks, such as changes in trade regulations, currency fluctuations, political instability and war, associated with a substantial foreign customer and supplier base and substantial foreign manufacturing operations; potential instability in foreign capital markets; and the factors listed or discussed in Kulicke and Soffa Industries, Inc. 2007 Annual Report on Form 10-K and our other filings with the Securities and Exchange Commission. Kulicke & Soffa Industries is under no obligation to (and expressly disclaims any obligation to) update or alter its forward-looking statements whether as a result of new information, future events or otherwise.

Company Contact: Michael Sheaffer, 215-784-6411, 215-784-6167 fax,msheaffer@kns.com

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KULICKE & SOFFA INDUSTRIES, INC.

CONSOLIDATED STATEMENTS OF OPERATIONS

(In thousands, except per share and employee data)

(Unaudited)

	Three months ended						Six months ended
	March 31, 2007			March 29, 2008			March 31, 2007			March 29, 2008
Net revenue	$	142,714		$	176,340		$	295,022		$	402,590
Cost of sales		111,033			140,832			224,622			308,342
Gross profit		31,681			35,508			70,400			94,248
Selling, general and administrative		21,906			20,879			44,561			47,227
Research and development		12,530			16,115			24,355			31,043
U.S. pension plan termination		—			9,152			—			9,152
Total operating expenses		34,436			46,146			68,916			87,422
Income (loss) from operations		(2,755	)		(10,638	)		1,484			6,826
Interest income		1,509			1,191			2,966			2,760
Interest expense		(604	)		(885	)		(1,240	)		(1,757	)
Gain on extinguishment of debt		—			—			—			170
Income (loss) from operations before income taxes		(1,850	)		(10,332	)		3,210			7,999
Provision (benefit) for income taxes		364			(4,198	)		1,251			(2,229	)
Net income (loss)	$	(2,214	)	$	(6,134	)	$	1,959		$	10,228
Net income (loss) per share:
Basic	$	(0.04	)	$	(0.11	)	$	0.03		$	0.19
Diluted	$	(0.04	)	$	(0.11	)	$	0.03		$	0.17
Weighted average shares outstanding:
Basic		57,580			53,384			57,441			53,324
Diluted		57,580			53,384			58,229			62,225
Equity-based compensation expense:
Cost of sales	$	66		$	62		$	133		$	129
Selling, general and administrative		377			844			1,828			2,314
Research and development		350			309			898			1,016
Total	$	793		$	1,215		$	2,859		$	3,459
	Three months ended						Six months ended
	March 31, 2007			March 29, 2008			March 31, 2007			March 29, 2008
Additional financial data:
Depreciation and amortization	$	2,461		$	2,717		$	4,766		$	5,061
Capital expenditures	$	1,207		$	2,032		$	2,307		$	4,805
							March 31, 2007			March 29, 2008
Backlog of orders								59,000			73,000
Number of employees								2,622			2,714

KULICKE & SOFFA INDUSTRIES, INC.

CONSOLIDATED BALANCE SHEETS

(In thousands)

(Unaudited)

	September 29,			March 29,
	2007			2008
ASSETS
CURRENT ASSETS
Cash and cash equivalents	$	150,571		$	151,747
Restricted cash		—			10,000
Short-term investments		19,339			9,379
Accounts and notes receivable, net of allowance for doubtful accounts of $1,713 and $1,420, respectively		177,512			158,097
Inventories, net		68,955			71,168
Prepaid expenses and other current assets		14,201			15,911
Deferred income taxes		3,631			3,518
TOTAL CURRENT ASSETS		434,209			419,820
Property, plant and equipment, net		37,953			41,372
Goodwill		33,212			32,393
Intangible assets		500			524
Other assets		6,726			7,003
TOTAL ASSETS	$	512,600		$	501,112
LIABILITIES AND SHAREHOLDERS’ EQUITY
CURRENT LIABILITIES
Current portion of long term debt	$	—		$	72,412
Accounts payable		82,615			51,887
Accrued expenses		37,170			31,643
Income taxes payable		22,665			400
TOTAL CURRENT LIABILITIES		142,450			156,342
Long term debt		251,412			175,000
Other liabilities		12,335			39,415
Deferred income taxes		23,148			23,042
TOTAL LIABILITIES		429,345			393,799
SHAREHOLDERS’ EQUITY
Common stock, no par value		288,714			293,165
Treasury stock, at cost		(46,118	)		(46,118	)
Accumulated deficit		(154,094	)		(143,059	)
Accumulated other comprehensive income (loss)		(5,247	)		3,325
TOTAL SHAREHOLDERS’ EQUITY		83,255			107,313
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$	512,600		$	501,112

KULICKE & SOFFA INDUSTRIES, INC.

CONSOLIDATED STATEMENTS OF CASH FLOWS

(In thousands)

(Unaudited)

	Three months ended						Six months ended
	March 31, 2007			March 29, 2008			March 31, 2007			March 29, 2008
Net cash provided by (used in) continuing operations	$	(9,327	)	$	35,376		$	1,971		$	10,851
Net cash used in discontinued operations		(1,247	)		(365	)		(2,211	)		(733	)
Net cash provided by (used in) operating activities		(10,574	)		35,011			(240	)		10,118
Net cash provided by investing activities		(14,424	)		(3,539	)		(32,015	)		(4,810	)
Net cash provided by (used in) financing activities		1,546			112			2,583			(3,512	)
Effect of exchange rate changes on cash and cash equivalents		84			(832	)		235			(620	)
Changes in cash and cash equivalents		(23,368	)		30,752			(29,437	)		1,176
Cash and cash equivalents, beginning of period		127,898			120,995			133,967			150,571
Cash and cash equivalents, end of period	$	104,530		$	151,747		$	104,530		$	151,747
Restricted cash		—			10,000			—			10,000
Short-term investments		24,773			9,379			24,773			9,379
Total cash, cash equivalents, restricted cash & short-term investments	$	129,303		$	171,126		$	129,303		$	171,126

KULICKE & SOFFA INDUSTRIES, INC.

OPERATING RESULTS BY BUSINESS SEGMENT

(In thousands)

(Unaudited)

Fiscal 2008:

	Equipment Segment			Packaging Materials Segment		Consolidated
Three months ended March 29, 2008:
Net revenue	$	57,560		$	118,780	$	176,340
Cost of sales		34,796			106,036		140,832
Gross profit		22,764			12,744		35,508
Operating expenses		26,154			10,840		36,994
U.S. pension plan termination		9,152			—		9,152
Income (loss) from operations	$	(12,542	)	$	1,904	$	(10,638	)
Six months ended March 29, 2008:
Net revenue	$	165,018		$	237,572	$	402,590
Cost of sales		100,580			207,762		308,342
Gross profit		64,438			29,810		94,248
Operating expenses		57,947			20,323		78,270
U.S. pension plan termination		9,152			—		9,152
Income (loss) from operations	$	(2,661	)	$	9,487	$	6,826
Fiscal 2007:
	Equipment Segment			Packaging Materials Segment		Consolidated
Three months ended March 31, 2007:
Net revenue	$	49,049		$	93,665	$	142,714
Cost of sales		29,422			81,611		111,033
Gross profit		19,627			12,054		31,681
Operating expenses		26,065			8,371		34,436
Income (loss) from operations	$	(6,438	)	$	3,683	$	(2,755	)
Six months ended March 31, 2007:
Net revenue	$	107,215		$	187,807	$	295,022
Cost of sales		62,598			162,024		224,622
Gross profit		44,617			25,783		70,400
Operating expenses		51,259			17,657		68,916
Income (loss) from operations	$	(6,642	)	$	8,126	$	1,484

KULICKE & SOFFA INDUSTRIES, INC.

CONSOLIDATED STATEMENTS OF OPERATIONS - SUMMARY

COMPARISON OF GAAP RESULTS AND NON-GAAP MEASURES

(In thousands, except share amounts)

(Unaudited)

	Three months ended March 31, 2007			Three months ended March 29, 2008			Six months ended March 31, 2007		Six months ended March 29, 2008
		(GAAP results)
Net revenue		142,714			176,340			295,022		402,590
Gross profit		31,681			35,508			70,400		94,248
Income (loss) from operations		(2,755	)		(10,638	)		1,484		6,826
Net income (loss)		(2,214	)		(6,134	)		1,959		10,228
Weighted average shares outstanding:
Basic		57,580			53,384			57,441		53,324
Diluted		57,580			53,384			58,229		62,225
Net income (loss) per share
Basic	$	(0.04	)	$	(0.11	)		0.03		0.19
Diluted	$	(0.04	)	$	(0.11	)		0.03		0.17
		(Non-GAAP measures)
Net revenue		71,093			81,126			152,395		216,007
Gross profit		31,747			35,570			70,533		94,377
Income (loss) from operations		(1,889	)		(209	)		4,416		19,543
Net income (loss)		(1,518	)		58			4,358		18,310
Weighted average shares outstanding:
Basic		57,580			53,384			57,441		53,324
Diluted		57,580			62,221			58,229		62,225
Net income (loss) per share
Basic	$	(0.03	)	$	0.00		$	0.08	$	0.34
Diluted	$	(0.03	)	$	0.00		$	0.07	$	0.30

KULICKE & SOFFA INDUSTRIES, INC.

OPERATING RESULTS BY BUSINESS SEGMENT - SUMMARY

COMPARISON OF GAAP RESULTS TO NON-GAAP MEASURES

(In thousands)

(Unaudited)

	Equipment Segment			Packaging Materials Segment		Consolidated
Fiscal 2008:
Three months ended March 29, 2008:
		(GAAP results)
Net revenue	$	57,560		$	118,780	$	176,340
Gross profit		22,764			12,744		35,508
Income (loss) from operations		(12,542	)		1,904		(10,638	)
		(Non-GAAP measures)
Net revenue	$	57,560		$	23,566	$	81,126
Gross profit		22,799			12,771		35,570
Income (loss) from operations		(2,421	)		2,212		(209	)
Six months ended March 29, 2008:
		(GAAP results)
Net revenue	$	165,018		$	237,572	$	402,590
Gross profit		64,438			29,810		94,248
Income (loss) from operations		(2,661	)		9,487		6,826
		(Non-GAAP measures)
Net revenue	$	165,018		$	50,989	$	216,007
Gross profit		64,509			29,868		94,377
Income from operations		9,292			10,251		19,543
Fiscal 2007:
Three months ended March 31, 2007:
		(GAAP results)
Net revenue	$	49,049		$	93,665	$	142,714
Gross profit		19,627			12,054		31,681
Income (loss) from operations		(6,438	)		3,683		(2,755	)
		(Non-GAAP measures)
Net revenue	$	49,049		$	22,044	$	71,093
Gross profit		19,659			12,088		31,747
Income (loss) from operations		(5,746	)		3,857		(1,889	)
Six months ended March 31, 2007:
		(GAAP results)
Net revenue	$	107,215		$	187,807	$	295,022
Gross profit		44,617			25,783		70,400
Income (loss) from operations		(6,642	)		8,126		1,484
		(Non-GAAP measures)
Net revenue	$	107,215		$	45,180	$	152,395
Gross profit		44,675			25,858		70,533
Income (loss) from operations		(4,453	)		8,869		4,416

KULICKE & SOFFA INDUSTRIES, INC.

CONSOLIDATED STATEMENTS OF OPERATIONS

RECONCILIATION OF GAAP RESULTS TO NON-GAAP MEASURES

(In thousands, except share amounts)

(Unaudited)

	Three months ended March 31, 2007			% of Revenue		Three months ended March 29, 2008			% of Revenue		Six months ended March 31, 2007			% of Revenue		Six months ended March 29, 2008			% of Revenue
Net revenue (GAAP results)	$	142,714				$	176,340				$	295,022				$	402,590
- Gold Metal adjustment		(71,621	)				(95,214	)				(142,627	)				(186,583	)
Net revenue (Non-GAAP measures)		71,093					81,126					152,395					216,007
Gross profit (GAAP results)		31,681		22.2	%		35,508		20.1	%		70,400		23.9	%		94,248		23.4	%
- Equity-based compensation expense		66					62					133					129
Gross profit (Non-GAAP measures)		31,747		44.7	%		35,570		43.8	%		70,533		46.3	%		94,377		43.7	%
Income (loss) from operations (GAAP results)		(2,755	)	-1.9	%		(10,638	)	-6.0	%		1,484		0.5	%		6,826		1.7	%
- Equity-based compensation expense		793					1,215					2,859					3,459
- U.S. pension plan termination		—					9,152					—					9,152
- Amortization of intangibles		73					62					73					106
Income (loss) from operations (Non-GAAP measures)		(1,889	)	-2.7	%		(209	)	-0.3	%		4,416		2.9	%		19,543		9.0	%
Net income (loss) (GAAP results)		(2,214	)	-1.6	%		(6,134	)	-3.5	%		1,959		0.7	%		10,228		2.5	%
- Equity-based compensation expense		793					1,215					2,859					3,459
- U.S. pension plan termination		—					9,152					—					9,152
- Amortization of intangibles		73					62					73					106
- Gain on extinguishment of debt		—					—					—					(170	)
- Tax effect of non-GAAP adjustments		(170	)				(4,237	)				(533	)				(4,465	)
Net income (loss) (Non-GAAP measures)		(1,518	)	-2.1	%		58		0.1	%		4,358		2.9	%		18,310		8.5	%
Weighted average shares outstanding (GAAP & Non-GAAP)
Basic		57,580					53,384					57,441					53,324
Diluted		57,580					62,221					58,229					62,225
Net income (loss) per share (GAAP results)
Basic	$	(0.04	)			$	(0.11	)			$	0.03				$	0.19
Diluted	$	(0.04	)			$	(0.11	)			$	0.03				$	0.17
Adjustments to net income per share
Basic	$	0.01				$	0.11				$	0.05				$	0.15
Diluted	$	0.01				$	0.11				$	0.04				$	0.13
Net income (loss) per share (Non-GAAP measures)
Basic	$	(0.03	)			$	0.00				$	0.08				$	0.34
Diluted	$	(0.03	)			$	0.00				$	0.07				$	0.30

KULICKE & SOFFA INDUSTRIES, INC.

OPERATING RESULTS BY BUSINESS SEGMENT

RECONCILIATION OF GAAP RESULTS TO NON-GAAP MEASURES

(In thousands)

(Unaudited)

	Equipment Segment			% of Revenue		Packaging Materials Segment			% of Revenue		Consolidated
Fiscal 2008:
Three months ended March 29, 2008:
Net revenue (GAAP results)	$	57,560				$	118,780				$	176,340
- Gold metal adjustment		—					(95,214	)				(95,214	)
Net revenue (Non-GAAP measures)		57,560					23,566					81,126
Gross profit (GAAP results)		22,764		39.5	%		12,744		10.7	%		35,508
- Equity-based compensation expense		35					27					62
Gross profit (Non-GAAP measures)		22,799		39.6	%		12,771		54.2	%		35,570
Income (loss) from operations (GAAP results)		(12,542	)	-21.8	%		1,904		1.6	%		(10,638	)
- Equity-based compensation expense		907					308					1,215
- U.S. pension plan termination		9,152					—					9,152
- Amortization of intangibles		62					—					62
Income (loss) from operations (Non-GAAP measures)		(2,421	)	-4.2	%		2,212		9.4	%		(209	)
Six months ended March 29, 2008:
Net revenue (GAAP results)		165,018					237,572					402,590
- Gold metal adjustment		—					(186,583	)				(186,583	)
Net revenue (Non-GAAP measures)		165,018					50,989					216,007
Gross profit (GAAP results)		64,438		39.0	%		29,810		12.5	%		94,248
- Equity-based compensation expense		71					58					129
Gross profit (Non-GAAP measures)		64,509		39.1	%		29,868		58.6	%		94,377
Income (loss) from operations (GAAP results)		(2,661	)	-1.6	%		9,487		4.0	%		6,826
- Equity-based compensation expense		2,695					764					3,459
- U.S. pension plan termination		9,152					—					9,152
- Amortization of intangibles		106					—					106
Income from operations (Non-GAAP measures)		9,292		5.6	%		10,251		20.1	%		19,543
Fiscal 2007:
Three months ended March 31, 2007:
Net revenue (GAAP results)	$	49,049				$	93,665				$	142,714
- Gold metal adjustment		—					(71,621	)				(71,621	)
Net revenue (Non-GAAP measures)		49,049					22,044					71,093
Gross profit (GAAP results)		19,627		40.0	%		12,054		12.9	%		31,681
- Equity-based compensation expense		32					34					66
Gross profit (Non-GAAP measures)		19,659		40.1	%		12,088		54.8	%		31,747
Income (loss) from operations (GAAP results)		(6,438	)	-13.1	%		3,683		3.9	%		(2,755	)
- Equity-based compensation expense		619					174					793
- Amortization of intangibles		73					—					73
Income (loss) from operations (Non-GAAP measures)		(5,746	)	-11.7	%		3,857		17.5	%		(1,889	)
Six months ended March 31, 2007:
Net revenue (GAAP results)		107,215					187,807					295,022
- Gold metal adjustment		—					(142,627	)				(142,627	)
Net revenue (Non-GAAP measures)		107,215					45,180					152,395
Gross profit (GAAP results)		44,617		41.6	%		25,783		13.7	%		70,400
- Equity-based compensation expense		58					75					133
Gross profit (Non-GAAP measures)		44,675		41.7	%		25,858		57.2	%		70,533
Income (loss) from operations (GAAP results)		(6,642	)	-6.2	%		8,126		4.3	%		1,484
- Equity-based compensation expense		2,116					743					2,859
- Amortization of intangibles		73					—					73
Income (loss) from operations (Non-GAAP measures)		(4,453	)	-4.2	%		8,869		19.6	%		4,416